1.   At present, Britain is experiencing a lower claims frequency which has boosted underwriting results -- the premiums collected minus the amount paid out in claims.

2.   All of Commercial Unions regions showed improved underwriting results, with France and Canada moving to a profit from losses last year.

3.   Improved capital market conditions will lift investment income, offsetting the lower underwriting result, Allianz said.

4.   Pure year results are the underwriting results for the year of account specified without accounting for deterioration on any previous years closed into it.

5.   Pure year results are the underwriting results for the year of account specified without accounting for deterioration on any prior years closed into it.